Kathmandu: The government has proposed a new procedure to address the problems arising from climate change and effectively mobilize the assistance received from the international sector. The Ministry of Finance has prepared the draft of the ‘Climate Finance Mobilization Procedure, 2082 (2025)’.
According to National News Agency Nepal, the draft procedure has been sent to the stakeholders seeking inputs and recommendations. It is expected to be a milestone in addressing the challenges stemming from climate change with the procedure coming into effect.
The international Economic Cooperation Coordination Division under the Ministry of Finance has prepared the draft of the procedure and released it to the public domain for necessary feedback and recommendations.
In the draft, key priorities have been placed on addressing loss and damage, climate adaptation, emission mitigation, and carbon trade.